During a White House event, Mr. Trump said that TSMC’s investment would reduce America’s national security risk and encourage other companies to make more of their products in the United States.

Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building ... in the Roosevelt Room at the White House in Washington, D.C., U.S ...

Trump said TSMC’s plans would create “many thousands” of high-paying jobs and described the production of AI chips within the US as a “matter of economic security” for the country.